Chicago

COVID-19 and economic survival are changing the duration of vacation rentals in certain markets.

The 650,812-square-foot, class-A office asset was purchased by Spear Street Capital from seller, Mirae Asset Global Investments.

JLL closed the sale of the five-property, 539,109-square-foot portfolio in Tinley Park, IL to Boston-based buyer, High Street Logistics Properties.

The Chicago-based group acquires historic manufacturing buildings and surface lot for a 345-unit, high-amenity development.

"The COVID-19 pandemic demonstrates that healthcare and scientific research are foundational elements of our society and our economy," according to MLL Capital's Kyle O'Connor.

Conor planned to build a 335,000-square-foot speculative industrial facility but revised its plans when the retailer became involved with the project.

If the stay at home order were lifted this week, death rates and hospitalizations would start rising sharply by the middle of May. It's projected that the peak death rate and peak resource needs would be almost as high as if there were never any mitigation measures put in place.

The Habitat Company and P3 Markets have received LIHTC approval from the city of Chicago for a transit-oriented, mixed-use development in the historic Grand Boulevard neighborhood.